Quote from @Sarah Hartstein: Hello everyone, I am brand new to this website and looking forward to gaining some extra insights on property within the US and beyond ;) I started as a part-time Realtor with Keller Williams in Santa Barbara, California, however domestic sales never really “tooted my horn.”

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

My personal credit score is a 780 and I have multiple other properties but still not busting the DTI metric. 

Likely, you will need to find a property in need of significant work.

An argument can be made that you build wealth FASTER with higher priced properties.

House Hacking with a TwistRent out rooms: Even though you're living in the property, you can still generate income by renting out spare bedrooms.

When you do need an LLC is with MF properties or when you have partners.FNMA, FHLMC, FHA & VA all have due-on-sale clauses that may be triggered by transferring via a Quit Claim Deed (QCD) a property from your name to an LLC.

Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management. 

I imagine people who've had 2nd or 3rd houses in hollywood hills are not interested in rebuilding or doing the work.  How do I go about finding those who'd rather just collect the insurance money then sell it off at a...

.: Wild idea based on a property in my local market.